Two headlines are leading to big moves in the crypto market this week. Kaspa’s (KAS) KRC20 launch is bringing tokenization to a Proof of Work blockchain and driving its price even higher. Meanwhile, crypto whales are ditching their holdings in languishing Cardano (ADA) in favor of crypto casino Rollblock’s (RBLK) presale. This top altcoin’s revenue sharing has analysts projecting 100x growth before the end of 2024.
Kaspa’s KRC20 Launch to Reignite Blistering 2024 Rally
Kaspa’s KRC20 launch is adding even more fuel to a rally powered by its revolution in Proof of Work technology. Many crypto users prefer the security of Proof of Work blockchains, and Kaspa’s new tokenization functionality allows them to mint new tokens in their preferred format.
Kaspa’s price was already soaring this year, with 250% gains even as the rest of the market has been shedding value. The Kaspa price rally appears to have stalled below $0.20 recently, but the KRC20 launch is expected to reignite Kaspa’s growth in Q4.
Upgrades Failing to Stop Cardano’s Rapid Slide
The Cardano price has been shedding value non-stop for around six months now. Cardano’s Chang upgrade was launched with a lot of fanfare, but it failed to materialize into any real gains in adoption rates compared to the two biggest development ecosystems.
Many crypto whales are now cashing in their tokens, with the Cardano price down to $0.35 from 2024 highs of $0.80. The recent announcement of a proposed Leios upgrade is failing to stop this exodus of capital from Cardano.
Rollblock’s Revenue Sharing to Drive 100x Growth in 2024
Whales with fresh cash from their Cardano sales are eyeing crypto casino Rollblock as the best bet for big gains before 2024 is over. This top altcoin is already taking market share in the enormous $500 billion global gambling industry, and this process is expected to accelerate dramatically when its revenue-sharing token launches.
Rollblock’s revenue sharing is based on a daily buyback program that uses 30% of the casino’s revenue to purchase tokens from the open market.
Rollblock burns 50% of the buyback tokens every day. This buyback and burn process creates upward pressure on the token price by simultaneously limiting the supply and increasing the demand.
The remaining half of the tokens are awarded to holders for staking with the platform. Rollblock is offering competitive APY rates to holders who support the platform through staking.
This revenue-sharing program creates a first-of-its-kind gambling token that is always on a deflationary path. This token is expected to drive enormous rates of player growth, which means even more revenue for daily buybacks.
Rollblock is already seeing rapid player growth thanks to its next-generation online gambling experience. Players can sign up from anywhere in the world and roll the dice right away without all the fees and red tape of traditional online gambling sites.
Rollblock’s revenue sharing is projected by analysts to drive 100x growth or more in 2024 alone. Stage six of Rollblock’s presale is set to close in the next few days with a current price of $0.027.
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